Collection of Data
This phase includes a detailed evaluation of several factors that are likely to affect the market dynamics. It involves a comprehensive assessment of major market pain points, drivers, and trends. It also comprises a detailed study of research plans and methodology.
This process consists of gathering data, accessing proprietary databases, and reaching out to key industry participants that operate in the market across the value chain. It also involves studying several patterns in the historical data and comparing it with the current scenario.
Collaboration of Data
Identification of data This step involves identification of several primary and secondary data research sources, including Our internal data sources. The primary sources consist of in-depth discussions and interviews with policy makers, industry experts, and data evaluators, whereas secondary sources include a thorough study of market journals, press releases, annual reports, and government and non-government agencies websites
This stage involves the validation of data and arrival at actual statistics, and evolution of the market over the years. It entails the study and analyzes various segments and verticals of the market. An impact analysis is also performed to observe which factors will affect the market in the next few years.
Verification and Analysis This is the final stage, which involves both quantity and quality checks. Although the process of data verification is an integral part of the research process, all data points and statistics and figures are re-checked to uphold their authenticity and validity.
- Review and analyze client requirements Discussion of all the project requirements and queries, Data Source, Study Scope, Flexibility Check
- Secondary Source Data collections from annual reports, presentations, associations, journals, analyst reports, paid database, press releases, blogs, newsletters.
- Project Feasibility Analysis
- Finalizing tentative research program Structuring project proposal with scope, timeline, and costs
- Determination of key drivers,
- restraints, challenges, and opportunities Identifies market needs and trends
- Primary Source Research discussion with manufacturers, distributors, suppliers, end user, industry experts to verify insights.
- Estimation of historical data
- Collection of data
- Cumulating and collating the essential qualitative and quantitative data
- Generation of report in client requested format by research analysts
- Reviews by expert analysts Final quality check
- Clarifying queries
- Receiving feedback
Analyzing Market Dynamics
- Ensuring satisfaction
Validation and triangulation of secondary and primary source.
Market Size Estimation
Market Size Estimation & Forecast
based on secondary and primary data Anticipating market recast by assigning weightage to market forces (drivers, restraints, opportunities) Freezing historical and forecast market size estimations based on evolution, trends, outlook, and strategies Consideration of geography, region-specific product/service demand for region segments Consideration of product utilization rates, product demand
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